Saturday 17 October 2026 Export NVS’s income statement to Excel — free account

Novartis AG

NVS Healthcare Drug Manufacturers General

Novartis AG’s revenue for fiscal 2025 (year ended December 2025) was $56.7 billion, up 9.57% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS fell 17.4%, free cash flow fell 15.5% and total debt rose 52.9%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for three, operating cash flow growth for three.

150.62 0.24 +0.16%

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Market cap: $275.3B
P/E: 22.6×
Fwd P/E: 20.6×
Dividend yield: 3.15%
F-score: 8/9
Altman Z: 4.13
Beneish M: −2.49
Dividend safety: 66/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	40.05	103.59	14.16	18.53	26.60	8.16	28.91	14.05	16.47	19.15
Piotroski F-Score Full definition →	5	8	7	7	5	8	6	5	6	8
P/S ratio Full definition →	0.00	0.00	3.87	4.46	4.31	3.71	4.63	4.50	3.80	4.72
Altman Z-Score Full definition →	3.10	3.20	2.90	3.40	3.05	3.38	3.42	3.85	3.61	4.13
Altman Z″-Score (non-manufacturers) Full definition →	3.84	3.79	3.63	3.02	2.62	4.13	3.62	3.34	3.20	3.35
P/FCF ratio Full definition →	0.00	0.00	14.21	16.44	18.64	14.99	16.32	15.10	14.06	17.34
Beneish M-Score Full definition →	(2.65)	(2.68)	(2.53)	(2.86)	(2.71)	(2.20)	(2.79)	(2.87)	(2.72)	(2.49)
P/Operating CF Full definition →	(21.61)	(26.12)	47.35	61.28	53.69	50.51	48.92	82.36	46.83	118.08
Dividend Safety Score Full definition →	—	—	—	—	—	—	—	—	—	66
P/B ratio Full definition →	0.00	0.00	2.27	3.91	3.79	2.89	3.38	4.49	4.45	5.74
Price to Tangible BV Full definition →	0.00	0.00	38.11	903.90	0.00	48.50	0.00	0.00	0.00	0.00
EV/Sales Full definition →	(1.25)	(1.40)	4.22	4.78	4.80	3.73	4.79	4.71	4.11	5.10
EV/EBITDA Full definition →	0.00	0.00	19.02	18.77	18.01	16.86	13.97	16.53	12.11	12.62
EV/Operating CF Full definition →	(5.37)	(5.54)	13.63	17.09	17.55	13.08	14.64	15.21	12.06	15.11
EV/FCF Full definition →	(6.51)	(6.62)	15.50	17.64	20.77	15.06	16.91	15.83	15.21	18.76
Quick Ratio Full definition →	0.73	0.78	0.84	0.71	0.61	1.21	0.95	0.83	0.73	0.76
Current Ratio Full definition →	1.12	1.21	1.20	1.04	0.90	1.51	1.29	1.16	1.04	1.12
Net Debt/EBITDA Full definition →	1.12	1.30	1.19	1.07	1.50	0.07	0.49	0.56	0.78	0.96
Debt/Assets Full definition →	18.29%	21.44%	22.09%	23.13%	28.21%	22.15%	22.29%	24.62%	28.95%	30.23%
Debt/Equity Full definition →	0.32	0.38	0.41	0.49	0.64	0.43	0.44	0.53	0.67	0.72
Asset Turnover Full definition →	0.38	0.38	0.33	0.37	0.41	0.41	0.35	0.43	0.51	0.53
Operating CF/Net income Full definition →	1.71	1.64	1.13	1.16	1.69	0.63	2.05	0.97	1.48	1.37
Capex/Depreciation Full definition →	(0.33)	(0.34)	(0.33)	(0.07)	(0.35)	(0.36)	(0.27)	(0.07)	(0.60)	(0.71)
Interest Coverage Full definition →	11.69	11.11	9.02	10.69	11.68	14.41	9.93	11.43	14.46	15.42
ROE Full definition →	8.83%	10.33%	16.49%	17.48%	14.39%	38.59%	10.93%	27.97%	26.28%	30.84%
ROA Full definition →	5.13%	5.85%	9.05%	8.89%	6.56%	18.51%	5.58%	13.66%	11.81%	13.12%
ROIC Full definition →	5.68%	5.78%	5.54%	7.94%	7.82%	10.64%	7.45%	10.72%	15.08%	16.10%
Return on Tangible Assets Full definition →	36.55%	36.22%	58.24%	88.15%	90.93%	88.79%	36.57%	109.15%	114.05%	100.14%
Average Days of Receivables Full definition →	61.71	64.08	71.06	64.15	61.86	57.18	69.99	58.93	53.32	58.88
Research and Development Expense of Revenue Full definition →	18.28%	17.90%	18.41%	19.32%	18.00%	18.04%	21.10%	24.37%	19.38%	19.76%
Selling, General and Administrative Expense of Revenue Full definition →	28.71%	29.91%	29.76%	29.52%	28.45%	28.15%	28.06%	26.83%	24.30%	23.38%
Intangible Assets out of Total Assets Full definition →	0.48	0.46	0.51	0.47	0.52	0.48	0.52	0.50	0.51	0.50
Share Based Compensation of Revenue Full definition →	1.36%	1.36%	1.46%	1.56%	1.48%	1.39%	1.82%	1.85%	2.02%	1.93%
Graham Net Nets Full definition →	0.39	0.34	(0.18)	(0.15)	(0.19)	(0.09)	(0.10)	(0.11)	(0.14)	(0.13)
Graham Number Full definition →	0.00	0.00	64.39	52.80	44.58	85.40	44.22	60.34	53.92	62.36
Earnings Yield Full definition →	2.50%	0.97%	7.06%	5.40%	3.76%	12.26%	3.46%	7.12%	6.07%	5.22%
Free Cash Flow Yield Full definition →	(12.19%)	(11.87%)	7.04%	6.08%	5.36%	6.67%	6.13%	6.62%	7.11%	5.77%
Revenue per Share Full definition →	20.79	21.37	19.88	21.25	21.91	23.57	19.93	22.47	25.63	29.23
Operating CF per Share Full definition →	4.83	5.38	6.15	5.95	5.99	6.72	6.53	6.96	8.73	9.87
Capex per Share Full definition →	(0.85)	(0.88)	(0.74)	(0.19)	(0.93)	(0.88)	(0.88)	(0.27)	(1.81)	(1.92)
Free Cash Flow per Share Full definition →	3.98	4.50	5.41	5.76	5.07	5.84	5.65	6.69	6.92	7.95
Cash per Share Full definition →	3.27	4.04	6.88	5.00	5.08	12.63	8.68	6.95	6.67	5.98
Shareholders Equity per Share Full definition →	31.49	31.64	33.93	24.25	24.89	30.24	27.25	22.51	21.87	24.01
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	31.49	31.64	33.93	24.25	24.89	30.24	27.25	22.51	21.87	24.01
Free Cash Flow Full definition →	9,455.00	10,566.00	12,549.00	13,198.00	11,533.00	13,088.00	12,325.00	13,897.00	13,971.00	15,421.00
Working Capital Full definition →	2,722.00	4,805.00	5,956.00	1,240.00	(3,386.00)	15,510.00	8,254.00	4,091.00	1,012.00	3,182.00
Capital Expenditures Full definition →	(2,020.00)	(2,055.00)	(1,723.00)	(427.00)	(2,117.00)	(1,983.00)	(1,911.00)	(561.00)	(3,648.00)	(3,723.00)
Net Current Asset Value Full definition →	(30,302.00)	(30,644.00)	(31,308.00)	(33,315.00)	(41,439.00)	(18,255.00)	(21,120.00)	(22,714.00)	(28,416.00)	(33,940.00)
EV/EBIT Full definition →	0.00	0.00	22.80	25.63	23.59	16.86	26.22	22.52	14.61	16.40
Capex to Sales Full definition →	0.04	0.04	0.04	0.01	0.04	0.04	0.04	0.01	0.07	0.07
Price to Operating Income Full definition →	0.00	0.00	21.22	23.88	21.18	16.78	25.31	21.47	13.50	15.15
Other line items
Depreciation/Fixed assets Full definition →	0.39	0.37	0.33	0.48	0.50	0.47	0.65	0.88	0.65	0.49
Cash ROIC Full definition →	8.88%	9.41%	9.90%	13.98%	11.06%	10.44%	11.79%	16.20%	16.03%	16.82%
Accounts Receivable Turnover Full definition →	5.98	5.84	5.19	5.55	5.87	6.32	5.23	5.88	6.86	6.79
Accounts Payable Turnover Full definition →	3.32	3.42	2.71	2.63	2.79	2.90	2.17	2.48	2.70	3.03
Inventory Turnover Full definition →	2.81	2.62	2.10	2.23	2.31	2.30	1.67	1.91	2.20	2.28
Average Days of Payables Full definition →	101.52	109.85	139.76	137.25	130.42	127.74	162.17	144.16	130.10	118.73
Days of Inventory on Hand Full definition →	130.31	145.94	174.98	151.36	172.13	153.34	226.12	173.05	162.85	167.03
Average Receivables Full definition →	8,269.00	8,580.00	8,888.50	8,765.00	8,505.50	8,369.50	8,308.50	7,933.50	7,544.50	8,349.00
Average Payables Full definition →	5,270.50	5,021.00	5,362.50	5,490.00	5,413.50	5,478.00	5,349.50	5,036.00	4,749.00	4,514.00
Average Inventory Full definition →	6,240.50	6,561.00	6,911.50	6,469.00	6,556.50	6,898.50	6,920.50	6,544.00	5,818.00	5,996.00
Average Assets Full definition →	130,840.00	131,601.50	139,321.00	131,966.50	123,074.00	129,786.50	124,624.00	108,699.00	101,095.50	106,597.50
Average Common Equity Full definition →	76,006.50	74,559.00	76,459.50	67,121.50	56,108.50	62,244.00	63,622.50	53,086.50	45,438.00	45,337.50

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